Shen Kangjia (000016. SZ, referred to as Konka) rose 9.9% on April 9. On the news side, Konka announced on the evening of the 8th that it received a notice from the major shareholder OCT on the same day that it intends to implement professional integration of Konka by other central enterprise groups, which will lead to the change of the controlling shareholder of Konka, but the actual controller of Konka is still the State-owned Assets Supervision and Administration Commission of the State Council.

The first financial reporter learned from multiple sources that it may be China Resources Group that "takes over" Konka. However, as of press time, Konka has not announced information on a new major shareholder.

Konka's headquarters are in Shenzhen, and China Resources Group's headquarters are in Hong Kong, both in the Guangdong-Hong Kong-Macao Greater Bay Area. At present, China Resources Group has technology and emerging industry sectors, including China Resources Microelectronics (688396. SH) and other subsidiaries.

Konka has encountered twists and turns in the transformation of strategic transformation in recent years, and its revenue scale has increased significantly for several consecutive years, and then continued to shrink, with continuous losses in the past two years.

In January this year, Konka released a performance forecast revealing that Konka's operating income in 2024 is expected to be 10 billion to 12 billion yuan, compared with 17.85 billion yuan in the previous year, and the net profit loss attributable to the parent company was 2.65 billion to 2.95 billion yuan, while the loss of its net profit attributable to the parent company in the previous year was 2.164 billion yuan.

Regarding the reasons for the decrease in revenue and the expansion of losses last year, Konka said that due to its focus on the main business of consumer electronics and semiconductors, it took the initiative to withdraw from the non-main business and the business that did not have strong empowerment for the main business and continued to lose money; In 2023, the company will generate about 750 million yuan of income due to the disposal of shares of shareholding enterprises, and there will be no similar large non-operating income in 2024;

At the same time, in order to accelerate the industrialization of the semiconductor business, Konka has continued to increase investment in the field of MLED (Mini LED and Micro LED), but the semiconductor business has not yet achieved large-scale and efficient output. In addition, Konka also made an impairment provision for assets, and its financial assets had a fair value gain or loss of 250 million yuan.

Despite the pressure on last year's performance, Konka recently plans to purchase 78% of the shares of Hongjing Microelectronics from 17 counterparties including Liu Wei by issuing shares and raise matching funds. Konka said that Hongjing Microelectronics is an audio and video chip design company, which has advantages in multimedia chip design and can collaborate with Konka's consumer electronics and optoelectronic businesses. This acquisition can improve Konka's semiconductor industry chain layout and bring growth potential to Konka's packaging and testing and PCB businesses.

ON DECEMBER 27, 2024, AMONG THE TOP TEN SHAREHOLDERS OF KONKA, OCT HELD 21.75% OF THE SHARES, CITIC SECURITIES, GUOYUAN SECURITIES, HOLY TIME GROUP LIMITED, HONG KONG SECURITIES CLEARING COMPANY LIMITED, MORGAN STANLEY&CO. INTERNATIONAL PLC. AND OTHERS ALSO HAVE A STAKE.